Executives at Sony have responded to a fourth year of losses by taking pay cuts and returning their annual bonuses.
The company has requested that shareholders determine a new Board of Directors, which will include recently promoted president and CEO Kaz Hirai.
Back in April, Hirai stepped up as CEO and cut 10,000 jobs — roughly 6% of Sony's global workforce. The parent company also closed down former Seattle-based developer Zipper Interactive less than a month prior to the announcement.
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